Why United Airlines Stock Is Trading Lower Today

United Airlines Holdings Inc UAL shares are trading lower on Wednesday, after the company priced a 39 million share common stock offering at $26.50 per share.

Morgan Stanley and Barclays are acting as the underwriters of the offering.

United Airlines's stock is trading down 6.31% at $26.12 per share on Tuesday. The stock traded marginally higher in the after-hours session.

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